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Silver Forecast March 27, 2017, Technical Analysis

By:
Christopher Lewis
Updated: Mar 25, 2017, 05:35 UTC

Silver markets rallied during the day on Friday, breaking above the top of the shooting star from the previous session. This of course is a bullish sign

Silver daily chart, March 27, 2017

Silver markets rallied during the day on Friday, breaking above the top of the shooting star from the previous session. This of course is a bullish sign and I believe that the next area of contention will be closer to the $18 level. The major moving averages have crossed just below although they are flat. Nonetheless, I would anticipate that they offer a certain amount of support. I believe Silver is going higher, so therefore I look at pullbacks as potential buying opportunities in a market that has quite a bit of strength underneath it.

SILVER Video 27.3.17

About the Author

Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.

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